“The reason the markets aren’t going lower is people are holding and hoping. The market bottoms out when people are selling and sold out — not when they are holding and hoping. I don’t think you’ve seen real selling in risk assets broadly. Markets need buying to go up and they need volume to go […]
Category Archives: Z-vals
Credit Suisse: Top in S&P 500
“… We have been looking for the market to retest the spike low from August at 1,867, and then medium-term support at 1,820, the October 2014 low. With several key sectors now also falling to major support levels – notably industrials ‒ and looking vulnerable, we think the risk a major top may be established […]
Hussman: Expecting a 40-45% Loss
“It’s important to recognize that the S&P 500 is down only about 6% from its record high, while the most historically reliable valuation measures are double their historical norms; a level that we still associate with expected 10-year S&P 500 nominal total returns of approximately zero. We fully expect a 40-55% market loss over the […]
Moraif: Trend Getting Worse
“Well we got off easy with the Dow closing down ‘only’ 600 points. “So does this change my sell recommendation? No, it does not. If we have a global recession coming, I just don’t see the US economy being strong enough to pull everybody else out of it, rather I see them pulling us down […]
Moraif: Reached Sell Trigger
“Well, I actually didn’t think it was possible to reach our sell trigger today but we did. Therefore, it is now time to sell. … “Our strategy is not perfect and those of you that have been following me for a long time know that our strategy predicts bear markets but it also predicts bear […]
